Once they send email with Application Form. It says followingPlease specify the Purpose of account opening (Investment in Property in USA, General savings, Rental Income etc. are not acceptable by the USA to set up accounts with them)Also additional proof needs to be provided in case the Purpose of account opening is Relocation to the USA for work…[Read more]

Anyone able to get FINANCE for USA property ?

Hi Cheeves,Keep us posted. What would be your fees for loan application…

100% Agree with you mate. Also with your numbers. It is not about what price for what service, It is just there monopoly at the moment. Since ideally no one in Australia is providing loan for US. Bad for consumer. Simultaneously, I would like to say something is better than nothing. At least someone is providing loan facility. They have taken a…[Read more]

Hi Richard, Thanks for your reply. Can you please explain how 'National Consumer Credit Protection Act' is stopping us for applying loan to buy US properties.Any alternates / suggestion (apart from security /LOC ) please for applying loan to buy US property. 

Qlds007 wrote:
Rule change is not quiet correct and is more the implementation of the…[Read more]

Merry Christmas Treasure Hunter,Thanks so much for such a nice reply. I was really not expecting any reply on this.I have contacted Loans USA, after 2 weeks or so I got first reply. I am waiting for further info from them. Lets see. I will give a call to them after these holidays, lets see if they pick as they are very busy  tayloredfinancialsoluti…[Read more]

Initially duplex, townhouse etc. Later units. Do you have recommendation or suggestions please ?

Thanks Ryan. Finalizing few things. I am close to buy my first.

ryan mclean wrote:
Cons of trust – Harder to get lending, and more complicated when it comes to tax return Pros of trust – There are so many pros. The asset protection is amazing and second to none. I would never invest without a trust. If someone sues you without a trust you are…[Read more]

Ok Terry. Will do. Tried reading some older threads and some of your posting as well on trust but those were confusing to start with. So thought to ask and get some general idea.Thank you Ryan. That gives good idea to start reading more about trust. Reading this "There are many advantages to using a trust and a few disadvantages.",  "I would…[Read more]

ryan mclean wrote:
If you do buy at 95% LVR I recommend you aim to get your properties to 80% LVR. This protects you in the future from unforseen circumstances

Ryan, Thanks for reply.How about taking 95%+LMI if bank approves and putting 15% (95-80) or backup money in offset a/c for unforseen circumstances as well as handy cash? Thoughts Pls…[Read more]

Personal name or Trust  – I am yet to decide this. Need to understand pros and cons of both. But an individual in both case's.

ok. Got it. Earning more via contracting may create prob's in getting loan specially in initial days of contract. I need to think before I start contracting. But I want to do to save or earn more.Really it may be a huge bottle neck for me in buying IPs specially for 1.5 – 2yrs of contracting period.

1. So if less they will give me 95% of 310k (property price) ?2. And if more to avoid re-approval stuff, whether it is advisable to get MAX loan. Say you intend to buy IP for 350k, so better to take pre-approved loan for 400k ?3. What most of people do they get pre-approved loan or they get loan when they selected the property to buy ?

Ok. So, in my initial days of contracting – say I just started a six months contractI can get 80% LVR, but to get more then that say 90%, probably I need show regular contracts for 2yrs period (approx)I really have plans to do contracting depending on various things but just wanted make sure it doesn't create problem's in buying IPs, IPs, IPs.

ok. Just another thought for better planning for future. I have rough idea of doing contracting in future – don't know now exactly when may be after six month, may be not at allWill I get loan on following condition (I know it may depend on many things, but would be happy to have thoughts)a) 80% loan when I am doing contracting (say six months…[Read more]

Ok. What happens if I do contract job – may be six month contract ?

I will be definitely need 95% + LMI + 100% offset a/c. Earning good salary, working for more then two years with current employer. Not at junior level. Will be in same industry/line of work if I change my job.Note: I haven't changed my job yet. Working for more then 2yrs with current employer. Just trying to understand the things as I may change.…[Read more]

Hmmm, Above deal is @ 6.55%, 30yrs, 15$/pm for offset a/c.I need to check some similar home loan (as above) with interest in advance. See my other thread on home loan – https://www.propertyinvesting.com/forums/getting-technical/finance/4331003And from duckster link – I see can pay MAX 12 months advance interest.

Terry, got itNow have to check the loan am planning BW, IO, 95%+LMI, 100% offset allows 'interest in advance' or not duckster, nice article link give by you.

Terryw wrote:
I was suggesting that any costs may need to be apportioned if the property wasn't available for rent for the whole year.see…[Read more]

Thanks Banker. Will checkout cba. Do they have Interest only payment option with 100% offset ?

Banker wrote:
Get a credit card with Cba. In six month you will be elligible assuming everything else stacks up. They have a 3 year variable at 5.93% that reverts to a base variable after three years . Base variable currently approx 6.1%. 600 app fee.…[Read more]